Universities seek World Bank bailout on biting cash crunch

University of Nairobi vice-chancellor Stephen Kiama at a past event. PHOTO | NMG

Public Universities are seeking a Sh2.4 billion World Bank bailout to alleviate an acute cash crisis that is threatening to ground their operations.

The Universities Fund (UF) has revealed that it submitted a request for a grant to the World Bank to plug the funding shortfall amid rising number of government-sponsored students.

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